Five Chandra-linked entities controlled 61.78% insolvency vote: Lenders | People
Dissenting lenders have alleged that five entities linked to Essel Group founder Subhash Chandra’s family together controlled 61.78 per cent of the voting share and were instrumental in pushing through his personal insolvency resolution plan, which proposes to pay just Rs 6.5 crore against admitted creditor claims of about Rs 22,006.57 crore. The lenders…